The Price of Yellow metal made a clear and nice testing for the upper side of the price channel on the 4H chart
From that point we already had sell orders from 1761 from last week and our stoploss was above the last highst high
We expect the price to go down again and make a new lower low at the levels of 1714 as number one target and 1709 and thats will be located at the 85% precentage of the daily bullish wave we belive that gold will touch those levels and then go up with high volatilty with very strong momentum leaving a big wicks on the weekly and maybe the daily charts
Advice: dont ever remove or modify your stoploss while trading on gold
Dont risk big amount of money
Akways consider RR ratio while making up trading setups
From that point we already had sell orders from 1761 from last week and our stoploss was above the last highst high
We expect the price to go down again and make a new lower low at the levels of 1714 as number one target and 1709 and thats will be located at the 85% precentage of the daily bullish wave we belive that gold will touch those levels and then go up with high volatilty with very strong momentum leaving a big wicks on the weekly and maybe the daily charts
Advice: dont ever remove or modify your stoploss while trading on gold
Dont risk big amount of money
Akways consider RR ratio while making up trading setups
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.